Westhampton Capital LLC Invests $539,000 in Lamb Weston Holdings, Inc. (NYSE:LW)

Westhampton Capital LLC bought a new stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,324 shares of the specialty retailer's stock, valued at approximately $539,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Avantax Advisory Services Inc. lifted its stake in Lamb Weston by 3.7% during the first quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer's stock worth $405,000 after purchasing an additional 135 shares during the period. City State Bank lifted its position in shares of Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer's stock worth $27,000 after buying an additional 150 shares during the period. Camarda Financial Advisors LLC boosted its stake in Lamb Weston by 0.9% in the 1st quarter. Camarda Financial Advisors LLC now owns 16,389 shares of the specialty retailer's stock valued at $1,746,000 after buying an additional 151 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Lamb Weston by 31.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 655 shares of the specialty retailer's stock valued at $70,000 after acquiring an additional 158 shares during the period. Finally, Summit Financial Wealth Advisors LLC raised its stake in Lamb Weston by 1.2% during the first quarter. Summit Financial Wealth Advisors LLC now owns 13,556 shares of the specialty retailer's stock worth $1,444,000 after acquiring an additional 161 shares in the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Stock Down 0.1 %

LW stock traded down $0.11 during mid-day trading on Wednesday, hitting $77.15. 2,328,126 shares of the company were exchanged, compared to its average volume of 2,556,843. The firm has a market cap of $11.14 billion, a P/E ratio of 10.30, a P/E/G ratio of 1.27 and a beta of 0.75. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. The firm's 50 day simple moving average is $66.13 and its 200 day simple moving average is $74.58.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The company's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business posted $1.63 EPS. On average, sell-side analysts predict that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.87%. Lamb Weston's dividend payout ratio is 19.23%.

Insider Activity

In related news, Director William G. Jurgensen purchased 10,000 shares of the firm's stock in a transaction on Friday, July 26th. The stock was purchased at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the purchase, the director now directly owns 173,377 shares in the company, valued at $9,610,287.11. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.66% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Stifel Nicolaus increased their price target on Lamb Weston from $60.00 to $65.00 and gave the stock a "hold" rating in a research report on Thursday, October 3rd. Consumer Edge cut Lamb Weston from an "overweight" rating to an "equal weight" rating in a report on Friday, July 26th. TD Cowen lifted their price target on Lamb Weston from $61.00 to $65.00 and gave the company a "hold" rating in a report on Tuesday, September 24th. Wells Fargo & Company increased their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, October 3rd. Finally, Barclays boosted their target price on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Lamb Weston has a consensus rating of "Hold" and a consensus price target of $80.56.

Lamb Weston Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.